Crude oil price breaches the resistance – Analysis - 30-03-2021

2021-03-30 04:46:07 GMT (Economies.com)
 

Crude oil price surpassed 61.25 and closed the daily candlestick above it, to activate the bullish trend scenario in the upcoming sessions, on its way to achieve gains that start at 63.30 and extend to 65.00.

 

Therefore, we suggest witnessing more rise on the intraday and short term basis, noting that breaking 61.25 will stop the positive scenario and press on the price to attempt to return to the correctional bearish track again.

 

The expected trading range for today is between 60.50 support and 63.30 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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